UK household interest rates: new deposits
UK household interest rates: new deposits stood at 4% in Aug 2026, according to Bank of England. It is one of the indicators in the Savings and loan rates table (Value · Monthly), with a complete series running from Jan 1999 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Savings and loan rates table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Households | |||||||||||
| Households: new deposits, effective rate | 4 | 3.97 | 3.97 | 3.92 | 3.93 | 3.93 | 3.95 | 3.91 | 3.92 | 3.91 | |
| Households: sight deposits, outstanding | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.68 | 1.72 | 1.76 | 1.75 | 1.75 |
Understanding UK household interest rates: new deposits
Newly agreed percentage yields applied to retail capital placed by domestic individuals across the United Kingdom into monetary financial institutions represent the core focus of this series. Unlike metrics tracking entire cumulative balances, this measure isolates agreements struck during the current monthly period, capturing shifting market conditions and monetary policy transmission rapidly. The scope covers fresh household deposit contracts, excluding legacy agreements signed in past periods.
Analysts should examine month-on-month shifts to gauge how swiftly financial institutions pass central bank policy adjustments onto retail savers. Because the figures isolate fresh agreements, comparisons against measures of outstanding balances will reveal divergences whenever prevailing market rates deviate significantly from older fixed portfolios. Early estimates are subject to routine statistical revisions as reporting agents refine returns.
Frequently asked questions
- How does this series differ from figures tracking outstanding household deposits?
- This measure captures only agreements initiated during the current month, whereas outstanding metrics reflect the blended average of all historical contracts.
- Why might this rate diverge from the central bank policy rate?
- Commercial institutions set retail deposit offerings independently based on liquidity needs, competition, and expected future borrowing costs.
- Are corporate deposits included in these calculations?
- No, the scope is strictly restricted to accounts held by domestic individuals residing within the United Kingdom.